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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retall store in Colorado Springs. He was offered a $56,000 loan at 7.5%

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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retall store in Colorado Springs. He was offered a $56,000 loan at 7.5% for 48 months. What is his monthly payment by table lookup? (Use Table 14:2) Note: Round your onswer to the nearest cent. Answer is complete but not entirely correct. oan amortization table (monthly payment per $1,000 to pay principal and interest en installment loan)

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